Reference no: EM132680399

Olivia's Outdoor Essentials produces gear for climbing, hiking, and camping. Last month, Olivia reported the following:

Beginning Work in Process Inventory: $20,000
Ending Work in Process Inventory: $25,000
Beginning Finished Goods Inventory: $15,000
Ending Finished Goods Inventory: $13,000
Direct Labor: $60,000
Beginning Raw Materials Inventory: $20,000
New Raw Materials Purchased: $48,000
Ending Raw Materials Inventory: $10,000
Indirect Materials Used: $8,000
Indirect Labor: $10,000
Other Applied Manufacturing Overhead: $30,000

Required:

Problem a. What was the Manufacturing Costs for the period?

Problem b. What was the Cost of Goods Manufactured for the period?

Problem c. What was the Cost of Goods Sold for the period?